{
  "id": 147719,
  "title": "AMD's revenue climbs 50% and data center sales doubled, but the stock is down",
  "url": "https://urgent.news/2026/08/04/amds-revenue-climbs-50-and-data-center-sales-doubled-but-the-stock-is-147719",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T22:09:17.000Z",
  "source": {
    "name": "CNBC World",
    "slug": "cnbc-world",
    "url": "https://www.cnbc.com/2026/08/04/amd-earnings-report-q2-2026.html"
  },
  "original_language": "en",
  "account": "Advanced Micro Devices (AMD) announced a 50% increase in revenue for the second quarter, reaching $7.69 billion, which surpassed market expectations. However, the company's stock fell in after-hours trading. This revenue surge is driven primarily by the rapid expansion of AMD's Data Center unit, which reported $6.7 billion in sales, a 107% increase year-over-year. The Data Center segment's growth is attributed to both central processing unit (CPU) and graphics processing unit (GPU) sales.\n\nAMD's CEO, Lisa Su, revealed that the company anticipates data center sales to double in 2027, with server revenue growing over 80% annually in the second half of fiscal 2026. Moreover, AMD expects its data center revenue to reach approximately $13 billion this quarter, slightly below the earlier estimate of $14 billion. The company also unveiled its first rack-scale AI system, Helios, which is set to launch this quarter, targeting major players such as Meta, OpenAI, and Oracle.\n\nAMD's CFO, Jean Hu, highlighted the company's optimism regarding the semiconductor industry, projecting it could reach $2 trillion annually by 2028, with $1.4 trillion coming from AI accelerators or GPUs. Additionally, AMD's client and gaming segment, which supports consumer devices like laptops and consoles, saw a modest 6% year-over-year increase to $3.8 billion.\n\nDespite the strong performance in the second quarter, AMD's management acknowledged that the broader market may face declines in the latter half of the year.",
  "summary": "AMD's data center unit is driving the company's growth, up 107% over last year.",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/147719.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC Technology",
        "title": "AMD's revenue climbs 50% and data center sales doubled, but the stock is down",
        "url": "https://urgent.news/2026/08/04/amds-revenue-climbs-50-and-data-center-sales-doubled-but-the-stock-is-147737",
        "published": "2026-08-04T22:09:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}